Summary: the problem with Pascal's Mugging arguments is that, intuitively, some probabilities are just too small to care about. There might be a principled reason for ignoring some probabilities, namely that they violate an implicit assumption behind expected utility theory. This suggests a possible approach for formally defining a "probability small enough to ignore", though there's still a bit of arbitrariness in it.
Right, the point is to throw away certain deals. I am suggesting another approach from the OP.
The OP says: ignore deals involving small numbers. I say: ignore deals that violate physical intuitions (as they are). Where my heuristic differs from the OP is my heuristic is willing to listen to someone trying to sell me the Brooklyn bridge if I think the story fundamentally makes sense to me, given how I think physics ought to work. I am worried about long shot cases not forbidden by physics explicitly (which the OP will ignore if the shot is long enough). My heuristic will fail if humans are missing something important about physics, but I am willing to bet we are not at this point.
In your example, the OP and I will both reject, for different reasons. I because it will violate my intuition and the OP because there is a small number involved.
Relativity seems totally, insanely physically impossible to me. That doesn't mean that taking a trillion to one bet on the Michelson Morley experiment wouldn't have been a good idea.